. Electric railway journal . has been but per cent, afigure which, if followed in Connecticut, would have re-sulted in a further divisible income in the five years 1907to 1911 of $1,630,000, or an annual average of about 1 percent on the capital stock. In addition to the above policy the property has beenliberally enlarged in many ways, such as: Double-tracking of lines in order to provide facilities forimproved service, 8 per cent additional mileage having beenadded in such construction. During this period 18 per centadditional mileage was constructed to reach territory there-tofore wit
. Electric railway journal . has been but per cent, afigure which, if followed in Connecticut, would have re-sulted in a further divisible income in the five years 1907to 1911 of $1,630,000, or an annual average of about 1 percent on the capital stock. In addition to the above policy the property has beenliberally enlarged in many ways, such as: Double-tracking of lines in order to provide facilities forimproved service, 8 per cent additional mileage having beenadded in such construction. During this period 18 per centadditional mileage was constructed to reach territory there-tofore without trolley facilities, this at a time when one-fourth of the entire mileage was rebuilt. At the time the lines in the large cities were acquiredthe cars owned had a seating capacity of Therehave been purchased cars with seating capacity of service performed shows an increase of 20 per cent incar mileage. The increase during the same period in Mas-sachusetts was 5 per cent, as shown by the records in the. Connecticut Company—Viaduct Over Central New England Railroad Tracks at Bloomfield, Conn. ment in the Commonwealth, but which prior to that timewas one of the most prosperous portions of the country—anarea through which it would be impossible to constructsteam lines, but one that can be well served by the settlement and advance of such a large area is reliedupon to bring to the New Havens lines proper a traffic thatwill compensate it for the loss on the investment neces-sary to develop same. This was thoroughly understood atthe time of the enactment of legislation permitting the NewHaven to acquire the property, and no criticism was madeof the New Haven at that time. The other properties, those in Connecticut and RhodeIsland, are developed lines and are in a position to returnto the New Haven a reasonable interest upon the invest-ment. The properties now composing the Connecticut Com-pany were purchased by the New Haven just at the timethey
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